Southridge Capital Reports On The Financial And Entertainment Markets

Previously Southridge Capital reported how US markets seemed stable compared to other worldwide markets.

Even though, the stock market declined for two consecutive weeks, Greece?s financial woes took all the headlines even replacing Goldman Sachs. US employment numbers were released for April and this reflects the stability of us growth. The US Labor Department stated that 290,000 new jobs were created in the month of April. This is the fourth consecutive month there has been an increase in jobs and the largest increase in the last four years.

The diversity of job creation throughout multiple industries in the US over the past month tends to lean to an even more stabilized US economy.

Getting back to the Greece, finally on Friday Germany’s Parliament backed a $140 billion bailout plan for Greece and over the weekend, the EU stepped in with a package of its own to calm jittery global markets. Let?s hope these interventions help calm investors and give them a reason to look at our good news here in the US.

The entertainment sector has shown positive numbers here in the US.

In March WrestleMania, the WWE?s main yearly event was held in Glendale, Arizona. The event netted a $13.1 million profit for the organization and contributed nearly $28.8 million of revenue. This is terrific news for an economy that is struggling to pull itself out of a recession.

BoxingNews24.com reported that Floyd Mayweather Jr. vs. Shane Mosley sold about 1.2 million buys on pay-per-view, which would make this the largest fight so far this year. We are positive these numbers would increase tremendously if Floyd Mayweather Jr and Pacquiao signed a contract.

On May 7th, Iron Man 2 surpassed $50 million in ticket sales, which is the 7th largest opening day in history. Avatar has reportedly earned $747,292,481 in US sales since it was released, according to IMDB.com.

Callaway has seen an increase in sales of 11% worldwide and 7% in the US since Q1 2009.

Now we understand why the personal saving rates (a percent of disposable income) decreased. At the end of the day, all of the sporting and entertainment events prove the American consumers do not mind spending money to have fun, which will help out everyone.

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